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submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?::undefined

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[-] bitwaba@lemmy.world 2 points 10 months ago

It won't.

It will have indirect impact. The question is how much.

If the entire economy is down, people have less disposable income. The big income areas in tech are advertising, goods sales, monthly streaming services, and cloud compute.

Less disposable income = less people buying things they're advertised, less people buying shit they don't need off Amazon, less people keeping their Prime, Netflix, YouTube Premium, Spotify, or Disney+ accounts active, and less cloud compute resources needed to drive e-commerce websites.

this post was submitted on 29 Jan 2024
255 points (98.1% liked)

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